Australia & New Zealand Flooring Market Outlook 2024–2030: Trends, Forecasts, and Growth Opportunities
The Australia & New Zealand flooring market size was estimated at USD 4.40 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. Growth in the construction industry in Australia & New Zealand is attributed to the rising commercial and residential construction activities, which is expected to propel the demand for flooring products over the forecast period. Asia Pacific is one of the largest consumers of floor covering products in the world. Factors, such as increasing investment in affordable housing, smart city construction, upgradation & construction of infrastructure, and investment in tourism sector, are expected to boost demand for floor-covering products in Asian Countries including Australia & New Zealand. Many companies are investing in establishing their presence in Australian and New Zealand markets through acquisition of regional companies and strengthening their position i...